Finanse publiczne · 05/05/2011

Determination of Foreign Exchange Swaps and Foreign Exchange Forwards Under the Commodity Exchange Act

The Commodity Exchange Act ("CEA"), as amended by Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act"), authorizes the Secretary of the Treasury ("Secretary") to issue a written determination exempting foreign exchange swaps, foreign exchange forwards, or both, from the definition of a "swap" under the CEA. The Secretary proposes to issue a determination that would exempt both foreign exchange swaps and foreign exchange forwards from the definition of "swap," in accordance with the relevant provisions of the CEA and invites comment on the proposed determination, as well as the factors supporting such a determination.